Steel Pricing - Current Calm, Future Uncertain
April 11, 2013 - Steel prices have continued with general calm in recent months. Where prices go next will depend in part on whether and to what extent regional or global pressures on pricing prevail. As noted previously, the US construction sector is in the midst of a turn around. An incredibly weak past five years is finally coming off of historic lows. In addition to the construction industry, the auto industry is healthy again, with Ford and Chrysler posting record sales. Airplane manufacturers have seen a similar turnaround. All of this bodes very well for US steel mills.